The Department of Finance Canada recently released proposals (the "White Paper") in connection with their five-year review of the financial sector framework. This follows a consultation process in 2005. The proposals respond to the more than 50 stakeholder submissions and are aimed at achieving three main objectives: (i) enhancing the interests of consumers; (ii) increasing legislative and regulatory efficiency; and (iii) adapting the framework to new developments.

type Financial Services Alert - July 2006 - Department of Finance Publishes White Paper for the 2006 Financial Institutions Legislation Review